**SCHEDULE 9** 

 **EVENTS OF DEFAULT** 

  

 Each of the following
events or conditions constitutes an Event of Default: 

  




|  |  |  |
| --- | --- | --- |
|   | (a) | **Non-payment**: Lessee fails to make any payment of Rent, Supplemental Rent or Agreed Value on the due date and such failure continues for five (5) Business Days or more or
Lessee fails to make any payment of any other amount payable under the Lease on the due date and such failure continues for five (5) Business Days or more after notice has been given by Lessor to Lessee thereof; or  |

  




|  |  |  |
| --- | --- | --- |
|   | (b) | **Insurance**: Lessee fails to carry and maintain, or cause to be carried and maintained, insurance on and in respect of the Aircraft in accordance with the provisions of Section
9 and Schedule 7; or  |

  




|  |  |  |
| --- | --- | --- |
|   | (c) | **Representation**: any representation or warranty made (or deemed to be repeated) by Lessee in or pursuant to the Lease or in any document or certificate or statement proves to
have been incorrect in any material respect when made or deemed to be repeated, and if such representation or warranty is capable of remedy, such failure to correct continues for thirty (30) or more after notice has been given by Lessor; or
 |

  




|  |  |  |
| --- | --- | --- |
|   | (d) | **Cross-Default:**  |